Revenue Update on Accuride Corporation(NYSE:ACW)

Accuride Corporation(NYSE:ACW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $164.12M. Analysts estimated a revenue of $170.25M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.04.

In a different note, On May 4, 2016, Gabelli & Co said it Upgrades its rating on Accuride Corporation. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, Gabelli & Co said it Upgrades its rating on Accuride Corporation. The shares have been rated ‘Buy’ by the firm.

Accuride Corporation (ACW) made into the market gainers list on Fridays trading session with the shares advancing 2.29% or 0.03 points. Due to strong positive momentum, the stock ended at $1.34, which is also near the day’s high of $1.35. The stock began the session at $1.34 and the volume stood at 1,66,790 shares. The 52-week high of the shares is $4.15 and the 52 week low is $0.74. The company has a current market capitalization of $65 M and it has 4,82,42,482 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Richard F Dauch (CEO) purchased 100,000 shares at $1.44 per share price.Also, On Mar 2, 2016, John W Risner (director) purchased 23,800 shares at $1.28 per share price.On Nov 10, 2015, Gregory Alan Risch (CFO) purchased 2,500 shares at $2.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Company’s three segments are Wheels Gunite and Brillion Iron Works. The Wheels segment’s products primarily consist of steel and aluminum wheels. The Gunite segment’s products consist primarily of wheel-end components and assemblies. The Brillion Iron Works segment’s products primarily consist of ductile austempered ductile and gray iron castings including engine and transmission components and industrial components. It classifies its products as wheels wheel-end components and assemblies and ductile and gray iron castings. The Company markets its products under a number of brand names including Accuride Gunite and Brillion. It serves original equipment manufacturers (OEMs) and their related aftermarket channels in the commercial vehicle market including heavy-and medium-duty trucks commercial trailers light trucks buses as well as specialty and military vehicles.

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